Asia top stories – weekly summary
ICIS Editorial
22-Apr-2024
SINGAPORE (ICIS)–Here are the top stories from ICIS News Asia and the Middle East for the week ended 19 April 2024.
Asia petrochemical shares tumble on Mideast
concerns; oil pares gains
By Nurluqman Suratman 19-Apr-24 15:43 SINGAPORE
(ICIS)–Shares of petrochemical companies in
Asia slumped on Friday, while oil prices surged
amid escalating tensions in the Middle East
following reported explosions in Iran, Syria
and Iraq.
Oil gains on fresh Venezuela sanctions, Iran
concerns
By Nurluqman Suratman 18-Apr-24 12:48 SINGAPORE
(ICIS)–Oil prices rose on Thursday, reversing
sharp losses in the previous session, after the
US re-instated oil sanctions on Venezuela, and
amid discussions by the EU about implementing
new restrictions on Iran.
INSIGHT: Bullish and bearish sentiment
intertwines in April Asia chemical prices
outlook – ICIS analysts
By Joey Zhou 17-Apr-24 18:29 SINGAPORE
(ICIS)–There is a mixed outlook for
petrochemical prices in Asia in April. Upward
support comes from stronger crude oil price
forecasts. The supply of some chemicals is
relatively tight on plant turnarounds and
operating rate cuts.
PODCAST: Asia recycled polymers slow in 2023;
legislation, waste management to shape
future
By Damini Dabholkar 17-Apr-24 18:18 SINGAPORE
(ICIS)–Asia recycled polymers markets were
sluggish for the most part in 2023. In early
2024 too, challenges that dim the short-term
outlook persist.
Singapore March petrochemical exports fall
3.6%; NODX slumps 20.7%
By Nurluqman Suratman 17-Apr-24 13:22 SINGAPORE
(ICIS)–Singapore’s petrochemical shipments in
March fell by 3.6% year on year to Singapore
dollar (S$) 1.16 billion ($853 million),
extending the 2% contraction in the previous
month and weighing on overall non-oil domestic
exports (NODX), official data showed on
Wednesday.
China’s recovery gains pace after Q1 GDP
growth; property, trade headwinds remain major
hurdles
By Nurluqman Suratman 16-Apr-24 13:54 SINGAPORE
(ICIS)–China’s economy grew
stronger-than-expected in the first quarter of
this year, expanding by 5.3%, but ongoing
challenges in the real estate sector, slowing
exports and persistent deflationary pressures
remain as major risks to its recovery.
Oil eases despite Iran attacks on Israel; Asian
bourses rattled
By Nurluqman Suratman 15-Apr-24 12:46 SINGAPORE
(ICIS)–Oil prices eased on Monday as Iran’s
attacks on Israel over the weekend were largely
priced in by the market, according to analysts,
but Asian equities tumbled amid concerns over
recent escalation of geopolitical tensions in
the Middle East.
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